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De Medici
A Family of Bankers
   By Sam Knewstub
Medici Wealth
 Owned vast amounts of gold florins
 Pricless Art
 Large land holdings in the Mugello
 region
 Great political power in florence
 through their success in the banking
 industry
De Medici Family
Giovanni di Bicci de Medici 1397-
1429
  Began the business
  Trained along side his elder brother
  francesco by Vieri di cambio
  Became general manager of Rome
  branch which split into 3 banks
  Formed a partnership in the business
  with Benedetto di Lippaccio de’ Bardi
  then later Gentile di Baldassare Buoni
De Medici Family
Cosimo de’ Medici 1428-1464
 A.K.A. Cosimo the Elder or Cosimo I
 Acted as an ambassador promoting
 peace in the region
 Liberally spent the family fortune to
 promote renaissance behavior
De Medici Family
Piero di Cosimo de’ Medici 1464-
1469
 A.K.A. Piero the Gouty
 Married Lucrezia Tornabuoni link to
 florentine nobility
 Called up many long-standing loans
 Escaped attempted coup due to
 warnings from Lorenzo and Giovanni II
 Bentivoglio
De Medici Family
Lorenzo de’ Medici 1469-1492
 A.K.A. The Magnificent
 Ruler of florentine republic
 Spent a large amount of florins on art
 and philanthropy
 Made bad loans and caused the
 collapse of several branches
 HE HAD NINE CHILDREN
Effect on Banking Industry
 Creation of double-entry system
 Credits and Debits now in the ledger
 system!
The Decline
 Near collapse of the banks in London
 and Bruges
 Extreme shortage of cash in Roman
 branch from Papal Court
 Niccolo Machiavelli lays on the social
 pressure
Sources
 Fornaciari, Gino, and others. "Secrets of the Medici."
 Archaeology (Vol. 58, No. 4) July/Aug. 2005: 36-40. SIRS
 Renaissance. Web. 09 February 2010.
 "Cosimo II." Encyclopædia Britannica . Encyclopædia
 Britannica Online School Edition . Encyclopædia Britannica,
 2010. Web. 9 Feb. 2010 <http://school.eb.com/eb/article-
 9026465>.
 "Europe, history of." Encyclopædia Britannica . Encyclopædia
 Britannica Online School Edition . Encyclopædia Britannica,
 2010. Web. 9 Feb. 2010 <http://school.eb.com/eb/article-
 58340>.
 "Florence." Encyclopædia Britannica . Encyclopædia Britannica
 Online School Edition . Encyclopædia Britannica, 2010. Web. 9 Feb. 2
 //school.eb.com/eb/article-22454>.

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De Medici Family

  • 1. De Medici A Family of Bankers By Sam Knewstub
  • 2. Medici Wealth Owned vast amounts of gold florins Pricless Art Large land holdings in the Mugello region Great political power in florence through their success in the banking industry
  • 4. Giovanni di Bicci de Medici 1397- 1429 Began the business Trained along side his elder brother francesco by Vieri di cambio Became general manager of Rome branch which split into 3 banks Formed a partnership in the business with Benedetto di Lippaccio de’ Bardi then later Gentile di Baldassare Buoni
  • 6. Cosimo de’ Medici 1428-1464 A.K.A. Cosimo the Elder or Cosimo I Acted as an ambassador promoting peace in the region Liberally spent the family fortune to promote renaissance behavior
  • 8. Piero di Cosimo de’ Medici 1464- 1469 A.K.A. Piero the Gouty Married Lucrezia Tornabuoni link to florentine nobility Called up many long-standing loans Escaped attempted coup due to warnings from Lorenzo and Giovanni II Bentivoglio
  • 10. Lorenzo de’ Medici 1469-1492 A.K.A. The Magnificent Ruler of florentine republic Spent a large amount of florins on art and philanthropy Made bad loans and caused the collapse of several branches HE HAD NINE CHILDREN
  • 11. Effect on Banking Industry Creation of double-entry system Credits and Debits now in the ledger system!
  • 12. The Decline Near collapse of the banks in London and Bruges Extreme shortage of cash in Roman branch from Papal Court Niccolo Machiavelli lays on the social pressure
  • 13. Sources Fornaciari, Gino, and others. "Secrets of the Medici." Archaeology (Vol. 58, No. 4) July/Aug. 2005: 36-40. SIRS Renaissance. Web. 09 February 2010. "Cosimo II." Encyclopædia Britannica . Encyclopædia Britannica Online School Edition . Encyclopædia Britannica, 2010. Web. 9 Feb. 2010 <http://school.eb.com/eb/article- 9026465>. "Europe, history of." Encyclopædia Britannica . Encyclopædia Britannica Online School Edition . Encyclopædia Britannica, 2010. Web. 9 Feb. 2010 <http://school.eb.com/eb/article- 58340>. "Florence." Encyclopædia Britannica . Encyclopædia Britannica Online School Edition . Encyclopædia Britannica, 2010. Web. 9 Feb. 2 //school.eb.com/eb/article-22454>.